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    Principles of Managerial Finance
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    Exam 16: Current Liabilities Management
  5. Question
    Under a Line of Credit Agreement, a Bank May Require
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Under a Line of Credit Agreement, a Bank May Require

Question 58

Question 58

True/False

Under a line of credit agreement, a bank may require an annual cleanup, which means that the borrower must pay off all its outstanding debts to all lenders for a certain number of days during the year.

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